Skip to content
Financial Focus360
Focus Areas
Income & CareerSpending & BudgetingSaving & Emergency PrepInvesting & GrowthProtection & InsurancePlanning & Goals
Resources
Strategic GuidesDecision FrameworksPlanning TemplatesExpert Perspectives
Tools
Net Worth TrackerInvestment ReturnsBudget AnalyzerRetirement PlannerDebt Payoff OptimizerInsurance Calculator
Insights
All insights Take the Wellness Check
Back to Financial Tools
Tools

Debt Payoff Optimizer

Find the fastest path to becoming debt-free.

Your debts

Extra monthly payment

$
Anything above the minimums, applied every month.

Payment strategy

Recommended: Avalanche Method

Pay minimums on all debts, then put extra toward highest interest rate first. Saves the most money on interest.

Alternative: Snowball Method

Pay minimums on all debts, then put extra toward smallest balance first. Provides quick wins for motivation.

Debt-free timeline

You'll be debt-free in—
Total debt—
Total interest—
Total paid—
Estimate based on the balance-weighted interest rate across all debts and your total monthly payment.
The 360 Brief

One clear idea for your money, in every issue.

  • Expert resources. Guides and planning templates as they are published.
  • Timely insights. Strategic analysis and what changes mean for you.
  • Powerful tools. New calculators and trackers, first.

Free, and you can unsubscribe at any time.

Join Financial Focus 360